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US Attorney General Sessions fires former FBI no. 2 McCabe/node/1268006/world

US Attorney General Sessions fires former FBI no. 2 McCabe

In this file photo taken on July 12, 2017, US Attorney General Jeff Sessions (L) and Acting FBI Director Andrew McCabe (R) listen during a news conference to announce significant law enforcement actions at the Justice Department in Washington, DC. (AFP / ALEX WONG)

US Attorney General Sessions fires former FBI no. 2 McCabe

WASHINGTON: US Attorney General Jeff Sessions on Friday fired Andrew McCabe, the FBI’s former No. 2 official who was deeply involved in the agency’s investigations of Hillary Clinton and Russia’s role in the 2016 US election and was repeatedly criticized by President Donald Trump.
McCabe said in a lengthy statement that he believes he is being politically targeted because he corroborated former FBI Director James Comey’s claims that Trump tried to pressure him into killing the Russia probe.
Trump ousted Comey last year and later acknowledged in a televised interview that he fired Comey over “this Russia thing.”
“Based on the report of the Inspector General, the findings of the FBI Office of Professional Responsibility, and the recommendation of the Department’s senior career official, I have terminated the employment of Andrew McCabe effective immediately,” Sessions said in a statement.
McCabe’s dismissal came two days before his 50th birthday, when he would have been eligible to retire from the Federal Bureau of Investigation with his full pension. The firing — which comes nine months after Trump fired Comey — puts McCabe’s pension in jeopardy.
It also is likely to raise questions about whether McCabe received an overly harsh punishment due to political pressure by the Republican president, who has blasted McCabe on Twitter and called for his ouster.
Comey’s firing paved the way for Deputy Attorney General Rod Rosenstein to tap Special Counsel Robert Mueller, who is now leading the investigation into possible collusion between Trump’s campaign and Russia. Trump has denied there was any collusion.
“I am being singled out and treated this way because of the role I played, the actions I took, and the events I witnessed in the aftermath of the firing of James Comey,” McCabe said in his statement.
“This attack on my credibility is one part of a larger effort ... to taint the FBI, law enforcement, and intelligence professionals more generally.”
McCabe had stepped down from his position as FBI deputy director in January but remained on leave pending retirement.
His departure was triggered by a critical report from the Justice Department’s inspector general that eventually led to a recommendation that he be fired.
The report said McCabe misled investigators about his communications with a former Wall Street Journal reporter who was writing about McCabe’s role in probes tied to Clinton, including an investigation of the Clinton family’s charitable foundation.
In his statement, McCabe denied ever misleading investigators.
He added that the release of the inspector general’s report was “accelerated” after he testified behind closed doors before the US House Intelligence Committee where he revealed he could back up Comey’s claims. Comey’s firing has become central to questions about whether Trump unlawfully sought to obstruct the Russia investigation.
McCabe could potentially be a crucial witness in Mueller’s investigation.

UK firms step up preparations for a ‘no-deal’ Brexit as PM Theresa May meets with EU leaders

May is meeting EU leaders in Brussels on Thursday in attempt to get support for Brexit delay

The Bank of England warned in November that the British economy could shrink by a massive 8 percent

Updated 21 March 2019

AP

March 21, 2019 14:29

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LONDON: UK companies have ratcheted up their preparations for a disorderly “no-deal” Brexit as best they can over the past couple of months, the Bank of England said on Thursday.
With the prospect of a chaotic Brexit potentially eight days away, a survey by the central bank’s agents showed that around 80 percent of companies “judged themselves ready” for such a scenario, in which the country crashes out of the European Union with no deal and no transition to new trading arrangements with the bloc. That’s up from around 50 percent in an equivalent survey in January.
For decades, trading with the rest of the EU has been seamless. A disorderly Brexit could see the return of tariffs and other restrictions on trade with the EU, Britain’s main export destination.
To prepare, some firms have moved jobs and operations to the EU to continue to benefit from its seamless trade. Many have had to learn how to file customs declarations and adjust labels on goods. Exporters of animals are learning about health checks they will need to comply with.
According to the bank’s survey, however, many of those companies preparing for a “no-deal” Brexit said “there were limits to the degree of readiness that was feasible in the face of the range of possible outcomes in that scenario.”
There’s only so much companies can do, for example, to prepare for new tariffs and exchange rate movements.

Britain appears headed for a “no-deal” Brexit on March 29 if Prime Minister Theresa May fails to win parliamentary support for her withdrawal agreement with the EU.
She is meeting EU leaders in Brussels on Thursday in an attempt to get support for a delay to the country’s departure date to June 30. EU leaders have said a short extension would have to be conditional on her Brexit plan getting parliamentary backing and have indicated they would only be willing to back a delay to May 22, the day before elections to the European Parliament. After two heavy rejections in parliament, there are doubts as to whether she will be able to get parliamentary approval. What would happen next is uncertain.
European leaders, including those from France and Luxembourg, have said any extension will be granted dependent on May's deal passing a third parliamentary vote.
The Bank of England warned in November that the British economy could shrink by a massive 8 percent within months, though Governor Mark Carney has indicated the recession will be less savage, partly because of heightened preparedness.
According to the minutes of the latest meeting of the bank’s nine-member Monetary Policy Committee, at which the main interest rate was kept at 0.75 percent, rate-setters warned “Brexit uncertainties would continue to affect economic activity looking ahead, most notably business investment.”
Brexit uncertainty has dogged the British economy for nearly three years. In 2018, the economy grew by 1.4 percent, its lowest rate since 2012, even during what was then a global upswing. Business investment was down 3.7 percent in the fourth quarter from the year before.
“Business investment had now fallen in each of the past four quarters as uncertainties relating to Brexit had intensified,” the rate-setters said.
The survey showed uncertainty was likely to remain for months, even years, as Britain works out its long-term relationship with the EU. It said around 60 percent of UK firms in February said Brexit was one of their top three uncertainties, compared with 40 percent just after the June 2016 Brexit referendum.
Around 40 percent of firms expect the uncertainty to be resolved only by the end of 2019 and 20 percent anticipate it persisting into 2021 or beyond.